@RobJay, good that you ask. If you look on coinmarketcap there's something called BTC-dominance. A value, that shifts, whenever Ripple or Ethereum start their pump. Atm there's no chance, that either of them will pump. Therefore BTC dominance will keep rising until that happens. All other coins tend to correlate with Ethereum.
Krisp1602
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@Krisp1602, with shift I meant changes it's direction of movement (rising ->falling/ falling -> rising)
RobJay
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@Krisp1602, but normally - this year at least - BTC rising means market confidence and an altcoin boost.
However you think we'll see the reverse, and everyone rallying their alts into the bank of bitcoin when they see BTC rising and altcoins first staying stagnant to USD and falling in Satoshi - triggering an altcoin exodus and freefrall in the USD and Satoshi values?
Why do you see PAY bucking the trend (I noticed it's first first to pump)
Exactly, in the beginning BTC will rally without Alts. Institutional money will start to look only at Bitcoin as well.
That being said, a new Altcoin season will come nevertheless. It just could take some while.
E.g. Tezos is predestinated to pump during this season, because of it's unique and democratic tech [formal verification!!], backed by wall-street money)
TenX (using PAY-tokens) is one of the few projects, which is actually linked to Bitcoin [or better said the whole crypocurrency-market], by providing additional usability. (Almost everything other is here to be the "new" Bitcoin, therefore running against BTC.
Btw. PAYs first big pump was happening during the big BTC-pump and ETH-fall, so this wouldn't be something new.
Of course all this is just my personal opinion, but I always try to look at the charts and events as objective as possible.